Will my mortgage rate fall?

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The rate cut brings mixed blessings for homeowners. Those who already have a tracker deal or a discounted variable homeloan will see their repayments fall from next month. Several of the biggest lenders have already signalled their intention to cut their standard variable rate (SVR) - the rate to which discounted variable rate deals are linked.

But those coming to the end of an existing deal and looking for a new mortgage this year are likely to have to pay hundreds of pounds extra a month after lenders increased their rates sharply in recent months. Those who have little equity in